Dave Broadbent, chair of R3 in Yorkshire Yorkshire was among the regions to have seen levels of corporate insolvency activity fall in 2025, according to a new report from R3, the trade body for restructuring, turnaround and insolvency professionals. The figures show insolvency activity, which includes administration and voluntary and compulsory liquidations, decreasing by 9.9%…
Arthur Bus GmbH was founded in Munich in spring 2021 with the aim of marketing hydrogen buses and eventually evolving into a ‘system manufacturer for mobility solutions.’ The plan was to launch production in Lublin, Poland, primarily using German capital. As early as spring 2022, Arthur Bus and its hydrogen bus, the ‘Arthur H2 Zero,’…
Lidar manufacturer Luminar Technologies is being dismantled, the company liquidated. This is the result of the US company’s insolvency proceedings. Luminar owes over half a billion dollars, significantly influenced by a failed cooperation with the Chinese car manufacturer Volvo. Only a fraction of the debts will be recovered. At the last minute, creditors could hope…
From these factors, the impact of the funding shortage is already being felt in operational areas, such as: Afghanistan: One of the countries with the world’s highest maternal mortality rates. UN Women has had to close maternal and child clinics, affecting life-saving care for mothers. Sudan: The World Food Programme (WFP) has had…
Labor ‘is killing off small business’ The Australian Read the original article here
BitRiver, Russia’s largest bitcoin mining operator, has entered formal insolvency proceedings after a Russian arbitration court accepted creditor claims linked to unpaid debts. The case marks one of the most significant financial failures in the country’s crypto mining industry and highlights the pressure facing energy-intensive operators as costs rise and access to capital tightens. The…
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NEW DELHI: The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed the appeals filed by…
BitRiver, Russia’s largest bitcoin mining operator, is facing bankruptcy after a court initiated insolvency proceedings over unpaid debts. Summary BitRiver is undergoing bankruptcy proceedings after a court-initiated insolvency due to unpaid service fees. Russia’s largest bitcoin mining operator has been severely impacted by mounting power-related debts. The company’s future remains uncertain as energy suppliers suspend…
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